What's Hot: Mortgage Rates Fall Towards 6% Following Fed Cut
Deal of the Week: Live in One, Rent the Other
✉️ Want to forward this article? Click here.
658 Morton Street NE
Properties with an appealing rental unit make buying seem much sweeter. This installment of Deal of the Week allows you to live and be a landlord in an up-and-coming neighborhood.
The listing is a two-flat row house located in Near Northeast, a few blocks from the H Street Corridor and Florida Avenue Market (map). Each unit has two bedrooms and one bathroom and one of the units has a newly renovated kitchen, the agent told UrbanTurf. The corner lot location means that the home has more windows than a typical row house, and the living room and bedrooms are light filled.
The units appear to be in good condition so it’s likely that with the appropriate paperwork, a buyer could fill one or both floors with renters pretty soon. With the imminent emergence of Union Market and the streetcar line along H Street, the rental unit will likely get more valuable in the coming years. The price, proximity to emerging neighborhoods, size of the rental unit, and overall good condition make us feel that this home will move fast.
More photos and details below.
- Address: 658 Morton Street NE (map)
- Price: $449,000
- Bedrooms: Four
- Bathrooms: Two
- Year Built: 1917
- Listing Agent: Kenneth Johnson, DCRE
Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4 percent.
- Loan Amount: $359,200
- Principal and Interest: $1,715 per month
- Property Taxes: $281 per month (based on 2010 figures)
- Total Monthly Payments: $1,996
See other articles related to: dclofts, deal of the week, near northeast
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_live_in_one_rent_the_other/5668.
Most Popular... This Week • Last 30 Days • Ever
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
The large new development would take the place of the Ballston One office building al... read »
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- A $30 Million Sale? One Of The DC Area's Most Expensive Homes Finds A Buyer
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro